Monthly Rent Report
ZIP 60707 Rent Report — April 2023
Asking rents in ZIP 60707, Chicago, from 141 listings.
Median 1BR rent in ZIP 60707 was $1,063 in April 2023, up 6.3% (+$63) from March 2023 and up 25.4% year-over-year. The middle half of 1BR listings asked between $969 and $1,156. That puts ZIP 60707 $363 below the Chicago citywide 1BR median of $1,425. The month's figures are based on 141 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,125 | $0 (0.0%) | — | $1,125 – $1,125 | 1 |
| Studio | $1,125 | $0 (0.0%) | — | $1,125 – $1,125 | 1 |
| 1BR | $1,063 | +$63 (+6.3%) | +$215 (+25.4%) | $969 – $1,156 | 2 |
| 1BR | $1,000 | $0 (0.0%) | +$153 (+18.0%) | $1,000 – $1,000 | 5 |
| 2BR | $2,300 | +$100 (+4.5%) | +$1,150 (+100.0%) | $1,688 – $2,350 | 36 |
| 2BR | $1,400 | −$800 (-36.4%) | +$250 (+21.7%) | $1,400 – $1,400 | 1 |
| 3BR | $1,887 | −$473 (-20.1%) | −$12 (-0.6%) | $1,868 – $1,906 | 2 |
| 3BR | $2,500 | +$140 (+5.9%) | +$601 (+31.6%) | $2,295 – $2,600 | 85 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
ZIP 60707 vs. Chicago — April 2023
| Bedrooms | ZIP 60707 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,125 | $1,195 | −$70 (-5.9%) |
| Studio | $1,125 | $1,195 | −$70 (-5.9%) |
| 1BR | $1,063 | $1,425 | −$362 (-25.4%) |
| 1BR | $1,000 | $1,425 | −$425 (-29.8%) |
| 2BR | $2,300 | $1,725 | +$575 (+33.3%) |
| 2BR | $1,400 | $1,725 | −$325 (-18.8%) |
| 3BR | $1,887 | $2,300 | −$413 (-18.0%) |
| 3BR | $2,500 | $2,300 | +$200 (+8.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2023.